Market volatility highlights the sensitivity of cryptocurrencies to monetary policy shifts, impacting investor confidence and asset stability. The post Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals appeared first on Crypto Briefing .
The post El Salvador Secures $1.4B IMF Loan Amid Bitcoin Policy Shift appeared first on Coinpedia Fintech News El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) after four years of negotiations, despite initial tensions over the nation’s adoption of Bitcoin as legal tender. The 40-month program aims to stabilize El Salvador’s economy, with commitments to enhance its primary balance and reduce its debt-to-GDP ratio. The IMF acknowledged progress in mitigating Bitcoin-related risks, signaling a shift in relations. This deal marks a significant step for the Central American nation in addressing its financial challenges while navigating its unique cryptocurrency policies.
Solana-based memecoin Fartcoin briefly exceeded a $1 billion market cap amid a downturn in the altcoin market.
The post Jerome Powell Dismisses FED’s Bitcoin Ownership appeared first on Coinpedia Fintech News Federal Reserve Chair Jerome Powell confirmed the Fed’s inability and lack of intent to hold Bitcoin, emphasizing any legal changes would rest with Congress. His remarks follow discussions of a U.S. Strategic Bitcoin Reserve proposed by President-elect Donald Trump, potentially funded by seized Bitcoin and Treasury assets. Bitcoin, which has surged past $100,000 on optimism over Trump’s pro-crypto stance, dipped after Powell’s comments. Meanwhile, skepticism persists among Fed officials about Bitcoin’s volatility and utility. Trump plans to appoint crypto advocates to key positions, fueling speculation about the future of U.S. cryptocurrency policies.
The post Crypto Market Liquidation Hits $700M Amid Fed Inflation Warning appeared first on Coinpedia Fintech News The crypto market saw a sharp decline, losing nearly $700 million, with over $660 million liquidated in the past 24 hours. Meanwhile, the US stock market faced a steep fall, shedding $1.5 trillion, as the S&P 500 dropped 2.95%. Federal Reserve Chair Jerome Powell, during the FOMC meeting, reiterated that the Fed cannot own Bitcoin and projected it might take 1-2 years for inflation to hit the 2% target. These developments have triggered widespread sell-offs, leaving investors wondering if this downturn presents a buying opportunity amidst the market chaos.
The post Trump’s World Liberty Makes $250K ENA Investment appeared first on Coinpedia Fintech News World Liberty, the Trump family’s crypto project, made another move by spending 250,000 USDC to purchase 231,726 ENA through Cow Protocol early on December 19. This brings their total ENA holdings to 741,687. The project, monitored by Arkham, has been actively growing its crypto portfolio. Earlier, World Liberty Financial partnered with Ethena Labs to integrate sUSDe as a core collateral asset in its upcoming Aave instance. This partnership signals a strategic push to enhance the project’s financial ecosystem, positioning it for broader use in decentralized finance (DeFi).
The post MicroStrategy Shifts Bitcoin Funding to Fixed-Income Securities appeared first on Coinpedia Fintech News MicroStrategy co-founder Michael Saylor revealed plans to shift the company’s Bitcoin funding strategy toward fixed-income securities after its current fundraising program concludes. Speaking to Bloomberg, Saylor emphasized the importance of “intelligent leverage” for future cryptocurrency purchases. Until now, the firm has used a mix of new equity and convertible bond sales to fund its Bitcoin acquisitions, benefiting bondholders as MicroStrategy’s stock surged. This pivot signals a more structured approach to capital raising as the company continues its aggressive Bitcoin accumulation strategy, leveraging regulated exchanges like Coinbase for purchases.
The post Metaplanet’s ¥270M Profit Fueled by Bitcoin Strategies appeared first on Coinpedia Fintech News Tokyo-based investment firm Metaplanet is set to report its first operating profit in seven years, projecting ¥270 million ($1.8 million) for 2024, a sharp turnaround from last year’s ¥468 million ($3.1 million) loss. Sales are expected to surge to ¥890 million ($5.8 million). The firm credits its success to Bitcoin-focused strategies, including put options trading and treasury management, which boosted its Bitcoin holdings to 1,142 BTC, worth $119.4 million. Metaplanet is also launching Bitcoin Magazine Japan in 2025, further cementing its position in the growing Bitcoin ecosystem.
Santa Rides Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Santa Rides Shiba (SANTSHIB), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because SANTSHIB is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Santa Rides Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Santa Rides Shiba could become the next viral memecoin. Santa Rides Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Santa Rides Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Santa Rides Shiba by entering its contract address – CxpeR8vdgeVWZFwBytS7PRrXHBwVgPJWZBJUcpK3k7vT – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SANTSHIB. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bitcoin fell below $100,000 for the first time in weeks after Federal Reserve Chair Jerome Powell dismissed the idea of a national bitcoin reserve. The cryptocurrency market, which saw Bitcoin